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cpi find thr answer 3. Suppose that the CPI (with a base of 100 in 1983) rose from 130.7 in 1990 to 201.6 in 2006.

cpi find thr answer

3. Suppose that the CPI (with a base of 100 in 1983) rose from 130.7 in 1990 to 201.6 in 2006. The federal minimum wage (nominal hourly wage) in 1990 was $3.80, and it was $5.15 in 2006. a. Calculate the minimum wage in real (1983) dollars for 1990 and 2006. b. Did the federal minimum wage increase or decrease in real dollars from 1983 to 1990? c. Did the federal minimum wage increase or decrease in real dollars from 1990 to 2006? Watch "IT

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